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Old 08-22-2011, 10:54 PM
 
Location: Suburbia
8,826 posts, read 15,364,994 times
Reputation: 4533

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The 2011-2012 school year will be the last year FCPS provides and manages a Summer Fund savings program for less-than-12 month employees(such as teachers, instructional assistants, food and nutrition services employees, and transportation employees).

Summer Fund - Payroll Management

Might not be a bad thing. Apple Federal's program looks better. If this is something you participate in, at least you earn some interest during the school year. I might opt-out of the County program this year and start letting AFCU handle the summer fund.
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Old 08-23-2011, 07:15 PM
 
45 posts, read 112,983 times
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Even though the interest isn't that much it still adds up. By the summer it could over $100 in interest.
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Old 08-25-2011, 05:49 AM
 
2,076 posts, read 3,446,502 times
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You can do it on your own too. When the 10 month pay came into being we chose that option and had the amount each month pulled out to eventually equal the missing two month pay. That way we had control over it, and earned what little interest there was. Thankfully with two incomes, there have been some summers we didn't have to pull all of it and it was still in my savings.
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Old 08-25-2011, 07:59 AM
 
Location: Suburbia
8,826 posts, read 15,364,994 times
Reputation: 4533
Quote:
Originally Posted by choff5 View Post
You can do it on your own too. When the 10 month pay came into being we chose that option and had the amount each month pulled out to eventually equal the missing two month pay. That way we had control over it, and earned what little interest there was. Thankfully with two incomes, there have been some summers we didn't have to pull all of it and it was still in my savings.
The AFCU summer fund pays 2% APY. That's pretty good.
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